SG Fleet buys Motiva

SG Fleet Group will buy UK company Motiva Group, a provider of contract hire, short-term rental and fleet management services.

Purchase price of the acquisition is L12.4 million (A$20.7 million).

The acquisition follows that of Fleet Hire in August and builds further on the profitable platform and critical mass created by combining SG Fleet’s existing UK business and Fleet Hire. Integration of Motiva will see SG Fleet enter the top 20 segment of the UK market.